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5 Things Every Canadian Should Know About Their Money Today

From a rate hold to a sovereign wealth fund — here's what's moving the needle on your finances right now. 01 — DEADLINE Today is the tax filing deadline — and your refund may be a lifeline April 30 is the last day most Canadians can file their 2025 income tax return without penalty. With the cost of living still squeezing household budgets, many Canadians are counting on their refund as a financial cushion. Filing late triggers a 5% penalty on any balance owing, plus 1% for each additional month. If you haven't filed yet, the CRA's NETFILE portal is still open — act before midnight. 02 — INTEREST RATES Bank of Canada holds steady at 2.25% — no relief yet for borrowers The Bank of Canada kept its policy rate at 2.25% yesterday — the third consecutive hold of 2026. Governor Tiff Macklem cited rising inflation driven by higher global energy prices tied to the Middle East conflict, while U.S. tariffs continue to weigh on exports. CPI inflation climbed to 2.4% in Ma...
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Turkish F‑16 Presence in Cyprus Expands to Six Jets

 

                                            File photo: A Turkish F-16

The number of Turkish fighter jets stationed in northern Cyprus is set to increase from four to six, marking a notable escalation in the region’s military posture. 

A Rapidly Adjusted Deployment

Officials from the Turkish Cypriot civil aviation authority confirmed that while four F‑16s were initially expected, the plan was revised to deploy six aircraft instead. The jets are scheduled to arrive early Monday at Ercan (Tymbou) Airport in northern Cyprus.

Regional Tensions Drive Military Activity

The expanded deployment follows heightened tensions in the Eastern Mediterranean, fueled by ongoing conflict in the Middle East and a recent Iranian‑made drone strike that hit Cyprus last week. Multiple countries have since moved military assets closer to the island, underscoring the region’s growing volatility. 

Strategic Implications

The arrival of six Turkish F‑16s signals Ankara’s intent to reinforce its presence in northern Cyprus at a time of increased regional uncertainty. While officials have not detailed the jets’ operational role, the move is widely viewed as part of broader security recalibrations across the Eastern Mediterranean.


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